Malaysia’s Employees Provident Fund Invests in Australia

Malaysia’s Employees Provident Fund has committed to invest in assets Down Under alongside listed property player Goodman Group.

An initial Australian portfolio of 400 million Australian dollars (US$389 million) will be sourced from Goodman and its managed funds and their combined equity commitment for Australia will be A$500 million, Goodman said in a statement. Goodman will have an initial 40% interest in the portfolio with EPF holding 60%.